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National Association of Software and Services Companies (NASSCOM) and Data Security Council of India today announced the launch of the NASSCOM Cyber Security Task Force that aims to build India as a global hub for providing cyber security solutions, developing cyber security R&D plan and develop a skilled workforce of cyber security experts.
The taskforce members include industry leaders across IT, BPM and Internet, leaders from user organizations like banks and telcos as well as representatives from the government and academia. Mr Rajendra Pawar, Chairman, NIIT was requested to chair this taskforce. The taskforce over a 12 week period will identify the key priorities and build the detailed action plan for the sector.
- IT Security market estimated at USD77 billion in 2015 and growing at over 8 percent annually
- Demand for security workforce to rise globally to 6 million by 2019, up from 4 million currently, with projected shortfall of 1.5 million.
- Security market in India estimated to be 1% of the overall IT-BPM industry.
- Rapid growth in security software product segment – USD 250 million revenues in FY 2015
Mr. Rajendra Pawar, Chair, NASSCOM Cyber Security Task Force and Chairman, NIIT, said, “Securing the cyberspace has become an important priority for governments, businesses and citizens across the world. In line with the Prime Minister’s vision of making India a cyber-security expert nation and his recent exhortation to the industry, we have created the cyber security task force. This taskforce aims to make India a global hub for providing cyber security solutions including cyber security products and services. The taskforce will focus on the four key pillars of Industry development, Policy enablement, Technology development and Skill development.”
Mr Mohan Reddy, Chairman, NASSCOM said “Cyber Security is an important priority for NASSCOM.”
This Task Force will study the Indian cyber security ecosystem to identify issues and challenges and develop an action plan to address the priority issues. It will also identify possible intervention opportunities for the Indian IT industry in global cyber security space and bring together stakeholders from across the board to develop cutting-edge technologies and address the global market requirements. Learnings from global countries will be undertaken to understand how to catalyse the security product ecosystem in India.
Mr. R. Chandrashekhar, President, NASSCOM, said, “Cybersecurity is a multi-dimensional concept which includes many disciplines and fields. Nations have to take appropriate steps in their respective jurisdictions to create necessary laws, promote the implementation of requisite security practices, incident management, and information sharing mechanisms, and continuously educate both corporate and home users about cybersecurity. It is a global problem that has to be addressed by all stakeholders jointly. This Task Force will work towards enhancing cyber security and enabling India to emerge as a leader in this space.”
Mr Gopal Pillai, former Home Secretary and Chairman, DSCI said “Cyber Security has emerged as a key facet of national security. This initiative by NASSCOM and DSCI is an important effort aimed at optimizing the role of industry in this space, both at the national and international levels.”
The vision of the Taskforce aims to build the cyber security industry in India from the 1 percent market share to 10 percent by 2025; a trained base of 1 million certified and skilled cyber security professionals and build 100+ successful security product companies from India.